Wall Street stock indices opened higher on Thursday on hopes that major technology companies could avoid US President Donald Trump’s tariffs on chip imports.
As of 9:30 AM ET, the S&P 500 added 0.6%, the Dow Jones Industrial Average was up 0.4%, and the Nasdaq Composite was 1.1% higher.
At the open, the Dow Jones Industrial Average rose 237.0 points, or 0.54%, to 44430.09. The S&P 500 rose 29.3 points, or 0.46%, to 6374.32, while the Nasdaq Composite rose 155.6 points, or 0.73%, to 21325.01.
US President Donald Trump has announced a 100% tariff on imported computer chips, but he added “if you’re building in the United States of America, there’s no charge.”
In the bond market, the yield on the 10-year Treasury was flat at 4.22%.
Gainers and Losers
Apple stock rose 3.1% after its CEO Tim Cook joined Trump at the White House on Wednesday to say it’s increasing its investment in US manufacturing by an additional $100 billion over the…
